BNRMC Witness the Signing of the “Singapore Convention”
The Prime Minister of Singapore, Mr. Lee Hsien Loong with the Representatives for Signature Countries
The lack of cross-border mechanism for the enforcement of mediated settlement agreements had been considered a significant obstacle against the development of mediation in international business community. After several years of work, UNCITRAL finalized the text of the Convention on Jun 25, 2018. On December 20, 2018, the U.N. General Assembly adopted the Convention, named it the Singapore Convention on Mediation, and made it open for signature in Singapore on August 7, 2019.
Dr. Wang Li with the Secretary of UNCITRAL, Ms. Anna Joubin-Bret
The lack of cross-border mechanism for the enforcement of mediated settlement agreements had been considered a significant obstacle against the development of mediation in international business community. In 2014, the United States first proposed work on a mediation convention. After several years of work, UNCITRAL finalized the text of the Convention on Jun 25, 2018. On December 20, 2018, the U.N. General Assembly adopted the Convention, named it the Singapore Convention on Mediation, and made it open for signature in Singapore on August 7, 2019.
Dr. Wang Li, Mr. Amarjit Singh Chandhiok (the Vice President, the Bar Association of India), Mr. Prashant Kumar (President-Elect, the Bar Association of India, mediator of BNRMC)
In October 2016, the BnR Service Connections set up the Beijing Retio Legal and Commercial Service Center that has developed and operated the BNRMC online system. Since its establishment, BNRMC has built a pool of experienced professional mediators, made of leading legal scholars and practitioners from countries all over the world, including China, Italy, Indonesia, Malaysia, Ecuador, Brazil, Britain, Vietnam, Russia, Singapore, Germany, Austria, India, France, Spain, Portugal, Nigeria, etc. Until now, through the mechanisms of online-offline connection, litigation-mediation connection and arbitration-connection, BNRMC has mediated over 500 commercial disputes with a success rate close to 70%.
Dr. Wang Li with BNRMC mediators (Mr. Qin Tao, Mr. WuYuhong )
